NATIONAL GRID PLC-SP ADR (NGG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NGG - US6362744095 - ADR
Taking everything into account, NGG scores 6 out of 10 in our technical rating. In the last year, NGG was one of the better performers, but we do observe some doubts in the very recent evolution.
NGG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 74.35, a Stop Loss order could be placed below this zone.
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55.44
4 important support areas can be observed.
- A support zone ranging from 72.82 to 74.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 70.09 to 70.19. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 67.43 to 67.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @56.00 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 74.74 to 78.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NGG is down. |
| ChartMill Relative Strength | 79.16 | POSITIVE | NGG has a high relative strength, it outperformed 79.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NGG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NGG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.71 | NEUTRAL | The RSI value for NGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests NGG has a negative trend. |
| Stochastics (14,3) | 40.69 | NEUTRAL | The Stochastics value for NGG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for NGG suggests low volalility. |
| Average Directional Index/ADX (14) | 16.86 | NEGATIVE | The low ADX value for NGG suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 75.49 | 74.21 | 1.28 (1.70%) | 25.00% |
| An entry @75.49. This is a Buy Stop order right above the 10 day moving average. | An exit @74.20. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.28 points, which is 1.70%. | For a 0.42% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NGG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
74.69
+0.05 (+0.07%)
NATIONAL GRID PLC-SP ADR / NGG FAQ
What is the technical rating for NGG stock?
ChartMill assigns a technical rating of 6 / 10 to NGG.
What is the current trend direction of NATIONAL GRID PLC-SP ADR (NGG) stock?
The current trend direction for NATIONAL GRID PLC-SP ADR (NGG) is Bullish.
What is the RSI signal for NGG stock?
NATIONAL GRID PLC-SP ADR (NGG) has an RSI value of 43.7054. This indicates that the stock is currently neutral.
What is the MACD signal for NGG stock?
The MACD indicator for NATIONAL GRID PLC-SP ADR (NGG) has a value of -0.177611, indicating a bearish trend.
What is the short term momentum for NGG stock?
The short term momentum for NATIONAL GRID PLC-SP ADR (NGG) is negative.